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Dangote secured KPC stake after pension funds failed to get Sh9.50 per share

Aliko Dangote secured a 24.7% stake in Kenya Pipeline Company (KPC) for KSh42.5 billion after rejecting a Sh9.50-per-share offer from state-backed pension schemes, with the negotiations eventually settling on a lower cash price and a dividend arrangement that raised the effective value to Sh9.36 per share. The Dangote…

TechTrendsKEBy By George Kamau
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Dangote secured KPC stake after pension funds failed to get Sh9.50 per share
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Original headline: “Dangote secured KPC stake after pension funds failed to get Sh9.50 per share”

  • News
  • Dangote
  • Dangote Group
  • Kenya Pipeline Company (KPC)
  • KPC
  • Nairobi Securities Exchange (NSE)